The dominance of traditional bakkie brands in South Africa is being challenged as economic pressures and a buying-down trend drive consumers towards more affordable options, according to WesBank.
In the News
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Oil prices surged on Thursday, fueled by a surprise draw in US crude oil inventories and speculation of a potential interest rate cut by the Federal Reserve. However, geopolitical tensions in the Middle East continue to cast a shadow of uncertainty.
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Explore the implications of the UK Supreme Court’s decision to halt the expansion of oil wells near Gatwick Airport due to inadequate environmental impact assessments.
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South Africa enhances renewable energy manufacturing with local investments, addressing global demand for solar and wind technologies.
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Tshwane advances its plan to secure 1,000 MW of electricity by 2026, focusing on partnerships with IPPs for sustainable energy solutions.
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In a significant development for Nigeria’s energy sector, the state-owned Nigerian National Petroleum Corporation (NNPC) announced a planned investment of $550 million with French energy giant TotalEnergies to develop a new gas processing facility in southern Rivers State. This project aims to address Nigeria’s challenges in harnessing its vast gas reserves and boost both exports and domestic supply.
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The French Senate recommends a strategic share in TotalEnergies to assert government control and guide the company’s alignment with national climate policies
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South Africa and Morocco are leading Africa’s offshore wind energy development, with significant growth in potential and market expansion.
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The V&A Waterfront in Cape Town has signed a deal to boost its green electricity usage to 70% by 2026, marking a significant step in its sustainability efforts.
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New rules unveiled by the Biden administration aim to enhance wages in the clean energy sector, ensuring they are competitive with traditional energy industries, thereby promoting economic growth and environmental sustainability.